Deutsche Bank Downgrades Kellogg (K) to Hold; Thrown For A Froot Loop
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Price: $83.44 --0%
Rating Summary:
6 Buy, 25 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 25 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank downgraded Kellogg (NYSE: K) from Buy to Hold, price target lowered $10 to $50.
Deutsche analyst says, "While we still believe in LT prospects, required investment spending (supply chain, SAP, A&P) will limit margins and EPS growth into 2013. Despite our view that several challenges are finally being addressed, it may be some time before sales help EPS/cash flow, valuation and the stock."
For an analyst ratings summary and ratings history on Kellogg click here. For more ratings news on Kellogg click here.
Shares of Kellogg closed at $49.08 yesterday.
Deutsche analyst says, "While we still believe in LT prospects, required investment spending (supply chain, SAP, A&P) will limit margins and EPS growth into 2013. Despite our view that several challenges are finally being addressed, it may be some time before sales help EPS/cash flow, valuation and the stock."
For an analyst ratings summary and ratings history on Kellogg click here. For more ratings news on Kellogg click here.
Shares of Kellogg closed at $49.08 yesterday.
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